Professional Documents
Culture Documents
Gino Bautista, Natasha Monica Conde, Treisha Marie Tan, Melchor Tatlonghari,
and Philip John Torres
EM-TECH S16
natahaconde@yahoo.com
Encryption is converting data into another Here is the a graph of identity theft
form of data that is unreadable to the naked eye, complaints according to Federal Trade
and in order to recover the original state of the Commission (FTC)
data an encryption key is required. Passwords are
secret set of characters that may is composed of
alphanumeric digits that gives access to user to
particular data.
People can easily withdraw money from Sending Money is just as easy as sending a
ATM which is located almost every corner in the text message. If your parents forgot to gave you
Philippines. Cash is now in the form of E-Cash the allowance for this week and you already went
and an example of this is the service of Globe to school or you work in abroad and you need to
called G-Cash where you can purchase any send money to your family back in the
product you want to buy with the use of the Philippines, worry no more because we can send
cellphone. We have credit cards and by using your allowance easily or your money padala by
these credit cards it also gives the customer to just loading the amount to your card and you can
gain mile points and other benefits from the now purchase anything you want until your budget
providers. It also made our budget better because runs out.
through this credit card, we were allowed to pay a
very expensive product through an installment You can still buy anything you want even
process. There is also a service called online you don’t have enough money. In this generation,
banking where you can transact even at the it is impossible to buy things especially if you
comfort of your home. With the use of these don’t have enough money. But with this idea, you
technology also, we were now able to purchase can now purchase it and what will happen is that it
products from the internet and delivering the will be just credited to your account or card. The
product in your home. This eliminates the hassle idea is similar to a credit card that’s why there’s
of going to the store and purchase the product the nothing new with this innovation.
customer wishes to buy.
Cards are all password-protected. Before
There are also machines that accept the
money and this cash can be deposited to your the user can purchase the item he/she wished to
account and the account of that user updated real- buy, he/she has to enter the password to ensure
that the card is really yours. So don’t give
time and this eliminates the scare of losing the
passwords to anyone.
money while having the transaction because in the
old-way of depositing money, the depositor can
only see the updated account after a 24-hour MyBank Account. This system is similar
to MyLasalle but what it is found in this system is
interval.
all information regarding purchases and other
financial stuffs. It is a very big system that [4] Lents, Danny. What Is Identity Theft?
manages your financial accounts and this can help Retrieved March 9, 2009, from
the user for making important reports such as http://www.idtheftawareness.com/docs/WhatIsIdT
budget plan, purchases for this month and the like. heft.php, 2007
Google Bank. By this time, google is now [5] N.A. Safe Internet Banking. March 11, 2009 at
the most influential company and they are the one http://www.fdic.gov/bank/individual/online/protec
who is maintaining the Mybank system. All banks t.html, 2007
are registered in Google and this is a very big
information system. [6] Simon, Jeremy. Credit card fraud: examining
debit and credit card payment fraud. Retrieved
Online SM. This is a mall and in this web March 9, 2009, from
site you can find almost all products in the world http://www.creditcards.com/credit-card-
where you can purchase with the help of your news/credit-card-fraud-and-safety-of-your-cards-
account card. The product will be delivered to you 1276.php?a_aid=1017&a_cid=1204, 2007
and this eliminates the hassle of going to a real
mall.
[7] Webopedia. What is security? - A Word
These are some of our recommendations Definition from the Webopedia Computer
or prediction for the banking industry. This is a Dictionary. Retrieved March 9, 2009, from
field where innovations are fast happening and http://www.webopedia.com/TERM/S/security.htm
this can be a good example of an emerging l, May 17, 2004
technology because there’s a bright future ahead
with this industry. This can make our life faster [8] McGlasson, Linda. The Insider Threat: 16
and easier and once this industry reached its Tips to Protect Critical Data. March 11, 2009 at
highest level. http://www.bankinfosecurity.com/articles.php?art
_id=1257&opg=1, 2009
8. REFERENCES